Fair electricity transfer price and unit capacity selection for microgrids

Microgrids are defined as an area of electricity distribution network that can operate autonomously from the rest of the network. In order to achieve the best economic outcomes, the participants in a microgrid can benefit from cooperation in microgrid design and operation. In this paper, a mathemati...

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Vydané v:Energy economics Ročník 36; s. 581 - 593
Hlavní autori: Zhang, Di, Samsatli, Nouri J., Hawkes, Adam D., Brett, Dan J.L., Shah, Nilay, Papageorgiou, Lazaros G.
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: Amsterdam Elsevier B.V 01.03.2013
Elsevier
Predmet:
Applied sciences
Benefits
case studies
Cost
Costs
Economic data
Economics
Electric energy
Electric power
Electric power grids
Electricity
Electricity transfer pricing
Energy
Energy economics
Energy policy
Energy prices
Exact sciences and technology
Game theory
General, economic and professional studies
linear programming
Mathematical models
Microgrid
Mixed integer
Mixed integer optimisation
Network analysis
Networks
Non-linear models
Nonlinearity
Participant observation
planning
Prices
Programming
statistical models
C71 - Cooperative Games
Mixed integer optimisation
Microgrid
Programming Models
C54 - Quantitative Policy Modeling
Electricity transfer pricing
Dynamic Analysis
Q51 - Valuation of Environmental Effects
Q41 - Demand and Supply
Game theory
C61 - Optimization Techniques
Q43 - Energy and the Macroeconomy
ISSN:0140-9883, 1873-6181
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Shrnutí:Microgrids are defined as an area of electricity distribution network that can operate autonomously from the rest of the network. In order to achieve the best economic outcomes, the participants in a microgrid can benefit from cooperation in microgrid design and operation. In this paper, a mathematical programming formulation is presented for fair, optimised cost distribution amongst participants in a general microgrid. The proposed formulation is based on the Game-theory Nash bargaining solution approach for finding optimal multi-partner cost levels subject to given upper bounds on the equivalent annual costs. The microgrid planning problem concerning the fair electricity transfer price and unit capacity selection is first formulated as a mixed integer non-linear programming model. Then, a separable programming approach is applied to reform the resulting mixed integer non-linear programming model to a mixed integer linear programming form. The model is applied to a case study with a microgrid involving five participants. ► Work aims at fair benefits distribution amongst microgrid participants. ► An MINLP model is formulated based on Game theory Nash approach. ► Separable programming approach is applied to reform as an MILP model. ► Decision variables include electricity transfer price and unit capacity. ► Results from a five participant microgrid indicate fair benefit distribution.
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ISSN:0140-9883
1873-6181
DOI:10.1016/j.eneco.2012.11.005